Retail sales have been on a rollercoaster ride in 2010. Having shrugged off the winter blues, sales growth was strong at 7.6 per cent in February and April, but slumped to 2.3 per cent in March and just 1.7 per cent in May. A late Easter partly explains the March performance, whilst May proves that cycle sales can be as sensitive to the economy as other consumer goods.
Overall May sales volumes were down – nine per cent on April, with June/July uplifts increasingly dependent upon increased consumer confidence and summer sun.
27 per cent of retailers reported sales growth in excess of 20 per cent vs. 2009, but 26 per cent of retailers reported sales shortfalls in excess of -20 per cent in May.
The UK bicycle market continues to polarise, increasingly impacted by external market influences.
BikeBiz has teamed up with leading cycle trade body ACT and ActSmart to provide exclusive monthly cycle shop sales analysis. For more info visit: http://cycles.actsmart.biz/news/
ActSmart: 0845 6187256
The BikeBiz jobs board helped filled more than 720 positions in 2023, and listings are…
7iDP has debuted the Holographic Limited Edition Series 1. The Holographic Limited Edition Series 1…
Pinarello has launched its new spring-summer apparel collection with a variety of garments designed for…
Hutchinson has announced the expansion of its gravel range with the introduction of the Caracal…
With concussion and head injury in sport the subject of increasing focus and research, professional…
The All-Party Parliamentary Group for Cycling and Walking (APPGCW) showcase returned last month. The event,…